Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday, 27 July 2020

Victoria stalls

Job downturn

A troubling chart below for Melbourne, as Victoria posted a daily high of a net 515 new cases of COVID-19 today, despite the state's ongoing lockdown.

While the rest of Australia is seeing a consistent rebound in economic activity and job postings, Victoria is now retracing.

Chart of job posting in Victoria and ex-Victoria via Callam Pickering, Chief Economist at Indeed:


New South Wales reported 17 new cases of a net basis, but 8 of these were returned travellers in quarantine, and only 2 confirmed cases of community transmission were found.


It was great to see donuts and zeroes everywhere else. 

Fingers crossed for better news out of Melbourne as the week rolls on. 

Epidemiologists believe that Melbourne's actual spread of the virus may have peaked, despite the higher daily figures. 

Let's seriously hope that they're right!